The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109 7,848 82,336 SH   SOLE   79,566 0 2,770
APPLE INC COM 037833100 7,135 45,231 SH   SOLE   43,782 0 1,449
APTIV PLC SHS G6095L109 3,851 62,552 SH   SOLE   60,112 0 2,440
BANK AMER CORP COM 060505104 3,438 139,533 SH   SOLE   136,833 0 2,700
BANK AMER CORP 7.25% CNV PFD L 060505682 1,516 1,210 SH   SOLE   1,203 0 7
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 14,714 72,066 SH   SOLE   69,696 0 2,370
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 9,424 408,334 SH   SOLE   394,784 0 13,550
FIRST AMERN FINL CORP COM 31847R102 344 7,700 SH   SOLE   7,700 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 142 14,523 SH   SOLE   14,523 0 0
HCA HEALTHCARE INC COM 40412C101 13,246 106,434 SH   SOLE   102,783 0 3,651
MCKESSON CORP COM 58155Q103 4,103 37,143 SH   SOLE   35,654 0 1,489
MRC GLOBAL INC COM 55345K103 130 10,610 SH   SOLE   9,910 0 700
NEWMONT MINING CORP COM 651639106 6,942 200,340 SH   SOLE   193,667 0 6,673
NOW INC. COM 67011P100 5,881 505,227 SH   SOLE   495,717 0 9,510
OLD REP INTL CORP COM 680223104 8,288 402,910 SH   SOLE   389,926 0 12,984
PERSPECTA INC COM 715347100 7,065 410,299 SH   SOLE   395,949 0 14,350
PG&E CROP COM 69331C108 5,000 210,533 SH   SOLE   203,423 0 7,110
SCHWAB STRATEGIC TR US TIPS ETF 808524870 793 14,884 SH   SOLE   14,835 0 49
SCIENCE APPLICATIONS INTL CP N COM 808625107 1,314 20,632 SH   SOLE   20,110 0 522
SEABOARD CORP COM 811543107 8,275 2,339 SH   SOLE   2,255 0 84
SEARS HLDGS CORP *W EXP 12/15/2019 812350155 1 28,045 SH   SOLE   27,296 0 749
SERITAGE GROWTH PPTYS CL A 81752R100 6,789 209,982 SH   SOLE   202,692 0 7,290
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 2,307 76,554 SH   SOLE   76,254 0 300
VISTA OUTDOOR INC COM 928377100 4,703 414,323 SH   SOLE   394,123 0 20,200
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 303 28,593 SH   SOLE   28,593 0 0
YY INC ADS REPCOM CLA 98426T106 4,814 80,417 SH   SOLE   77,527 0 2,890
CARDINAL HEALTH INC COM 14149Y108 3,448 77,300 SH   SOLE   74,780 0 2,520
CINER RES LP COM UNIT LTD 172464109 538 25,100 SH   SOLE   25,100 0 0
ISHARES TR TIPS BD ETF 464287176 287 2,625 SH   SOLE   2,625 0 0
LEAR CORP COM NEW 521865204 3,116 25,360 SH   SOLE   24,570 0 790
SPDR S&P 500 ETF TR TR UNIT 78462f103 303 1,212 SH   SOLE   1,212 0 0